Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment she has made of the effectiveness of steps taken by the Crown Dependencies and Overseas Territories to proactively assist the Government in the production of comprehensive designations of companies connected to sanctioned entities.

The UK Government is proud of the principled stand that the Crown Dependencies and Overseas Territories, as part of the UK family, have taken in relation to sanctioned entities. The Crown Dependencies and Overseas Territories are committed to the highest standards in financial services and are working to implement international standards, such as those set by the Financial Action Taskforce to counter money laundering. All have committed to establishing publicly accessible registers of company beneficial ownership. The Crown Dependencies and Overseas Territories continue to share valuable company ownerships and tax information with UK law authorities, under the invaluable Exchange of Notes process. It was information shared by an Overseas Territory, which enabled the UK's first Unexplained Wealth Order.